Bitcoin price slipped toward $108,400 as open interest climbed to $38.7 billion and dominance eased to 57%. Short-term momentum shows consolidation between a $111,917 ceiling and $105,755 support, with funding rates and spot outflows signaling mixed sentiment.
Bitcoin price near $108K with OI at $38.7B — range-bound between $111,917 resistance and $105,755 support.
Funding rate 0.0074% indicates bullish derivatives positioning while exchange netflows show $60.7M spot outflows.
Google search surges and Bitcoin dominance decline to 57% suggest rotational flows into altcoins and short-lived market euphoria.
Bitcoin price falls to ~$108K as open interest rises to $38.7B and dominance drops to 57%. Read quick market signals and next support — act wisely.
What is driving the recent Bitcoin price move?
Bitcoin price moved lower to about $108,400 as derivatives activity rose and market sentiment grew mixed. Open interest increased to $38.7 billion while dominance declined to 57%, indicating capital rotation and a tug-of-war between spot sellers and derivatives longs.
How does open interest and funding rate affect Bitcoin price?
Higher open interest (OI) often amplifies moves because more derivative contracts are active. OI at $38.7 billion suggests elevated positioning; the funding rate of 0.0074% shows longs currently pay shorts, reflecting bullish bias in derivatives but also a risk of forced deleveraging if price reverses.
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An OI rise with flat price can mean consolidation or trapped leverage. Spot exchange netflows recorded roughly $60.7 million in BTC outflows, indicating selling pressure from spot holders that could counter derivatives optimism.
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Source: https://en.coinotag.com/bitcoin-near-108k-as-google-searches-spike-open-interest-rises-and-dominance-slips-105755-support-possible/